Enlyton Spins Out of Fluid Innovation Group and Raises Funding

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Enlyton’s cloud-based approach is both simple and powerful,” said John Lynn, President of Discovery Alliance, LLC, an early investor in the company.

Austin, TX (PRWEB)April 09, 2013

Enlyton, the first cloud-based enterprise search and content discovery company, announced today that is has been funded by Discovery Alliance/Capital Southwest, along with prominent Austin Angel investors.

“We are excited to invest in Enlyton. Enterprises have been struggling with painful and complex legacy systems to make enterprise search a reality, and Enlyton’s cloud-based approach is both simple and powerful,” said John Lynn, President of Discovery Alliance, LLC, an early investor in the company.

Enlyton was initially incubated by Fluid Innovation Group for more than a year, during which time the team refined the underlying mathematical semantics engine and evaluated market opportunities. In 2012, Chris McKinzie left Fluid to join Enlyton as co-founder and CEO, and the spinoff from Fluid was finalized in late 2012.

“We are thrilled to have incubated and spun out Enlyton into an independent company,” said Tom Hochstatter, CEO of Fluid Innovation Group. “We were impressed with the primary algorithms behind Enlyton’s mathematical semantics technology, and are happy to see the resulting product being used by enterprises of many sizes.”

The funding closed in March 2013 and allows the company to invest in sales, marketing and product evolution. This investment included the launch of a re-branded website (http://www.enlyton.com) and development of a new customer portal.

About Enlyton
Enlyton is the first cloud-based enterprise search and content discovery company. Our simple, powerful search-based app platform is used by organizations to inventory and organize diverse digital assets and create search-based applications to engage any audience. We are a privately-held company based in Austin, Texas. For more information, please visit http://www.enlyton.com or follow us on twitter at @enlyton.